Counting of votes for bypolls to 3 LS, 29 Assembly seats underway

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New Delhi, Nov 2 | Counting of votes for the by-polls in three Lok Sabha and 29 Assembly seats was underway on Tuesday.

The by-elections to the three Lok Sabha seats — Dadra and Nagar Haveli, Mandi (Himachal Pradesh) and Khandwa (Madhya Pradesh) — and the 29 assembly constituencies in Assam (five), West Bengal (four), Himachal Pradesh (three), Madhya Pradesh (three), Meghalaya (three), Rajasthan (two), Karnataka (two), Bihar (two) and Andhra Pradesh (one), Haryana (one), Maharashtra (one), Mizoram (one) and Telangana (one) were held on October 30.

While the results are not going to change the arithmetic in the state Assemblies, a victory would consolidate the ruling party in their respective states.

Some of the high profile candidates in the fray are Virbhadra Singh’s wife Pratibha Singh, Indian National Lok Dal (INLD) leader Abhay Chautala and former Telangana Minister Eatala Rajender.

Rebel Chetan Bragta, former head of BJP Himachal Pradesh IT department Aand son of former minister of Himachal Pradesh Narendra Bragta, is giving a tough contest to BJP candidate in Jubbal Kotkhai assembly constituency in Himachal Pradesh.

BJP Himachal Pradesh president Suresh Kumar Kashyap had told IANS that the party is going to win the Mandi Lok Sabha and three Assembly seats by a huge margin.

“People have seen the work of the BJP government at the Centre and state under leadership of Prime Minister Narendra Modi and they will vote to ensure victory of ABJP candidates in Himachal Pradesh,” Kashyup said.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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